416 Magnolia Avenue, Brea

$895,000

4 Beds
3 Baths
1,856 Sqft
6,372 Lot Sqft
2 Garages

Beautiful turnkey 3 bdrm & 2 bath home with many upgrades PLUS A SEPARATE STUDIO perfect for extended family or to generate revenue by renting out long term or doing short term rentals, Estimated market rent is $1,400 per month! Total square feet of both the home and the back Apt. totals 1,856. RENTING OUT THE BACK APT. SAVES THE BUYER OVER $470 PER MONTH COMPARED TO BUYING A SIMILAR HOME WITHOUT THE SEPARATE UNIT. Great location within walking distance of Downtown Brea, and Laurel Elementary school. This tastefully and thoughtfully upgraded home is sure to impress. In the past 4 years, the sellers have replaced the roof, remodeled the kitchen, refinished the hardwood floors, upgraded the electrical panel, painted the interior and exterior, added a new attached patio cover, completed a seismic upgrade, added LED recessed lighting, installed in-ceiling speakers throughout, and much, much more! Located in a great neighborhood with excellent public schools, and within couple of blocks of 2 Montessori schools. An alley in the rear provides access to the 2-car garage, which is adjacent to a studio,ADU, with 3/4 Bath, kitchen, lots of living space, and beautifully appointed, which will be fully permitted as an ADU before close of escrow. Savings mentioned above are estimated and may change with buyers specific circumstances. Buyer should check with their CPA for more accurate numbers pertaining to this property.

Essential Information
MLS® #PW19099069
Price$895,000
Bedrooms4
Bathrooms3.00
Full Baths2
Square Footage1,856
Lot Sqft6,372
Acres0.15
Year Built1950
TypeResidential
Sub-TypeSingle Family
StatusActive
No of Units1
Community Information
Address416 Magnolia Avenue
AreaBrea (86)
SubdivisionOther (OTHR)
CityBrea
CountyOrange
StateCA
Zip Code92821
Amenities
Parking Spaces2
# of Garages2
ViewNo View
PoolNone
Parking

Garage, Garage - Rear Entry, Garage Door Opener, No Driveway

Interior
HeatingForced Air
FireplaceYes
FireplacesLiving Room
# of Stories1
StoriesOne Level
Interior Features

Ceiling Fan, Crown Moldings, Granite Counters, Open Floor Plan, Pantry, Recessed Lighting, Wired for Sound

Cooling

Central A/C, Whole House Fan (N)

Exterior
Lot DescriptionBack Yard, Front Yard
School Information
DistrictBrea-Olinda Unified
ElementaryLAUREL2
MiddleBREA
HighBREOLI
Additional Information
Date ListedMay 1st, 2019
Days on Market21
HOA Fees0.00
Listing Details
AgentRichard Bell(01344469)
OfficeBell Realty Group
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Based on information from California Regional Multiple Listing Service, Inc. as of May 23rd, 2019 at 2:12pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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